For sure more theft is on the way. If it happens once, it can happen again, and again, and again. It will only stop when serious consequences hit them
Forget about the crowing Jai Hind wannabe’s opinions.
If Panama wants to go full banana republic open bandit country, no one can stop them. But the broader economic consequences will be devastating, which is why countries don’t go bandit more often.
Not only is China going to heavily punish them economically and diplomatically, the vast majority of the world will also take note of Panama’s actions and take this new risk into account when deciding on any deals with them. Even Blackrock is going to be pissed Panama took this route, because what’s stopping the next Panama government from doing the exact same thing to their new contract?
And to be honest, Panama picked the worst time possible to pull this stunt. China just cancelled all Venezuelan oil deals after Trump’s supported coup; Trump has just shown that flagging ships in Panama is as useful as using toilet paper since the US has a treaty where they can board Panama flagged ships at will. So China has almost nothing to loose from breaking out the economic sledgehammer on them right now.